Answer Happy

Exercise 14-3 Algo Consider the following competing hypotheses: HO: Pxy = 0 HA: Pxy 0 The sample consists of 27 observations and the sample correlation coefficient is 0.75. (You may find it useful to reference the t table.) a-1. Calculate the value of the test statistic. (Round final answer to 3 decimal places.) Test statistic 5.670 a-2. Find the p-value. p-value ? 0.10 0.05 p-value < 0.10 0.02 ? p-value < 0.05 0.01 p-value < 0.02 p-value < 0.01

b. At the 5% significance level, what is the conclusion to the test? Do not reject Ho; we cannot state the variables are correlated. Reject Ho; we cannot state the variables are correlated. Do not reject Ho; we can state the variables are correlated. Reject Ho; we can state the variables are correlated.